ICO

Meet the Boss – Exclusive Interview with Fast Invest CEO Simona Vaitkune

fastinvest-ceo-interview-Simona-Vaitkune

Fast Invest is a decentralized lending platform that allows users to invest in issued consumer loans across European countries.

The company has been in operations since 2015. With an existing presence in the U.K., Italy, Lithuania, Estonia, and Poland, the company is now embarking on a blockchain enabled global expansion. The platform already offers a basket of loans, 8,500 daily customers, and the participation of 21 certified lenders and clients from 36 countries. How it works is simple; lenders in Fast Invest have a basket of loans to invest in that return much higher rates than banks offer.

We recently sat down with the CEO of Fast Invest, Simona Vaitkune to have a chat with her about the project as well as finding out her thoughts and insights.

fastinvest logo

Thanks for joining us today. Can you tell us more about yourself and Fast Invest?

I am Chief Executive Officer of Fast Invest, my mind and life are dedicated to this company. I know every detail in the company, everything about the working system and all the processes. I have two types of degree, one of them is in arts, I am an academic painter for classical art, I grew up surrounded by art, and I love it till this day, it helps me to be creative as well develops patience and discipline. The second is in Europe Business Management and Economics. As well I had studied IT courses before I founded Fast Invest so I understand the building of the website. With all this knowledge now I am leading Fast Invest, living every day dedicated to this company.

Fast invest is a platform where people invest in issued consumer loans. All the loans are protected by Default and BuyBack Guarantees which means that you can get your investment back whenever you want and if the borrower is late with his repayments the Lender will cover every late repayment. As well you can start investing from 1 Euro, Zloty, Dollar or Pound.

fastinvest ico start investing blockchain

First off, why did you decide to use the blockchain in expanding Fast Invest? What was your thought process behind it?

At Fast Invest, we have a desire to be an innovative FinTech company. So looking around as watching latest innovation we decided to expand our system – to add blockchain technology into our system. The blockchain is a safe, transparent, stable and most important fast platform which is so desperately needed in our society because financial operations these days are very slow.

Tell us about how you came up with the idea of Fast Invest. Did you face a problem within the industry or do you think there is a gap in the market for Fast Invest to fill?

Everything started when I wanted not only to save money but to earn from my savings, to get passive income. I began to search for a platform which would fit me, but I could not find anything because I wanted to do it easily and safely without investing a lot of money. After doing this research, I saw an opportunity to create something new, and during the development of the project, we saw that a lot of people have savings and wants to get passive income, but they do not invest because of the complexity and large entry points of the investing platforms. That is how Fast Invest was born an easy, innovative and available for everybody investment platform.

What do you think is the biggest problem Fast Invest will solve and why is the problem important to solve?

All the loans are protected by Default and BuyBack Guarantees

Fast Invest is solving a problem that I mentioned before – complexity and large entry point of investment platforms. With Fast Invest, you can start investing from 1 Euro, Zloty or Pound. On top of that, you do not need to worry about your money, because we offer BuyBack and default guarantees. To add more, you do not need financial education because we offer a user-friendly platform with auto invest opportunity witch simplifies investing process and safes time for the investors.
After the Fast Invest token crowdsale, we are going to adopt cryptocurrency in our platform and expand our services to the blockchain. This will enable us to merge Fiat and cryptocurrency all into one investment platform.

Fast Invest seems to have a fairly straightforward identification process. Why did you decide to move on with this step and how do you prevent frauds or scams from happening? Are there additional security measures that you have in place to do so?

To start investing in our platform you do not need any verification. Registration is simple should not take more than 5 min, you add funds and start investing.
Three steps verification for Fast Invest platform users it is necessary if you want to withdraw your funds. Firstly, the user has to confirm their phone number and e-mail. Before payout application client must prove their identity by sending a copy of identification document. This kind of identification process is needed only for our P2P investment platform.
As well we have additional anti-fraud security measures. Each client can make payments only in his/her name to their personal bank account. Our monitoring system checks clients activity log, all cases that look suspicious are sent to our security department for further inspection. We are committed to ensuring the privacy and security of our client’s information.

Editors Pick: Fast Invest ICO

In the whitepaper, you are pretty specific about the use of funds for the ICO. Why did you decide to get so granular?

In Fast Invest, we try to meet the highest standards of service excellence for our customers. We are committed to ensuring our clients are provided with truthful, transparent and complete information about our products. That is why we are very specific about the use of funds for the ICO – transparency equals trust!

Regulation-wise, are there limitations for users in certain countries or is Fast Invest a truly a Europe wide P2P service that can be used by all?

Fast Invest investing in issued consumer loans are open to everyone who has a bank account in their name in the European Union. Of course, the investor must be at least 18 years old.Fast Invest ICO is open to everyone except citizens from the countries which
has ICO forbidden.

fastinvest passive income

Let’s talk about lenders. They have the benefit of having their loans fully repaid no matter what (correct me if I’m wrong). You also make a guaranteed one-day repayment possible. How do you do this? Do you have an escrow account or is this guaranteed by another source?

Yes, as I mentioned before we offer BuyBack and Default Guarantees. BuyBack Guarantee gives you right to stop investing on selected loan and sell the investment at any time before the full payment day. Fast Invest will buy back the investment in 1 business day. However, you will lose all the interest earned on that loan. Default Guarantee, ensures that if a payment is late three or more days it is covered by Default Guarantee.

What has been your happiest moment so far working on Fast Invest? On the flipside, what has been the most painful, or perhaps the most regretful decision you’ve made with Fast Invest?

The happiest moment for me is every day when I come to the work and I see that together with my team we created a platform that is is not only for people who have a degree in finances and millions in their pockets but that we created a user-friendly and safe investment platform for everyone. It is amazing!

Is Fast Invest already working with notable businesses or firms? Are there any future partnerships in process? If yes, can you explain briefly about it?

Very soon we will provide our lender list, statistics and etc. on our website. We are continually working with updates, expansion of the Lender’s network.

fastinvest Team

Why must lenders and borrowers have FIT tokens to participate in the system and what advantage does this give them?

FIT tokens are the key to become a Fast Invest Premium crypto-account member, you need to have at least 1000 Fast invest tokens to have access to every crypto product: digital currency exchange, digital wallet, investment services, decentralized lending, premium payment card. First 1000 members will be awarded Fast Invest Special Edition payment cards for free. Only crypto account members will have access to all crypto products.

What do you think is the biggest challenge or obstacle Fast Invest will face? How do you plan to tackle that challenge?

The biggest challenge for us is the fast growing and constantly changing market. We are young, innovative professionals that is why we can adapt to these changes very fast.

fastinvest ico start investing blockchain

Moving on to more personal stuff, what does a typical day in your life look like?

My typical day usually is 10-12 hours. I do love my job, so I am working from the morning until I am in bed. As a CEO most of the time is spent on strategy and business development. As well there are daily meetings with the team to go through the weeks and months plan. Also, we are a fast-growing company, so our team is expanding, I try to participate at all job interviews – for me, the team is one of the most important elements in Fast Invest, I love them, I care for them, and I want to make their work special.

Can you express one personal opinion of yours about blockchain? It doesn’t matter if it’s negative or positive, we just want to hear your thoughts on it.

We live in a fast world, we can travel rapid, communicate between the continents instantly so financial operation should be done immediately as well. That is why I see great potential for blockchain because it is a system that makes the transactions safer, more stable, transparent and the best of all – very fast. Soon FinTech companies will be built on the blockchain because this is quickest and safest technology, which has to be adapted by any innovative company.

That concludes our Interview with Simona Vaitkune

More Interviews to come

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